Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-149 - PROPERTY AND CASUALTY ACTUARIAL OPINION ON LOSS RESERVES
Section 482-1-149-.08 - Confidentiality
Current through Register Vol. 42, No. 5, February 29, 2024
(a) The Statement of Actuarial Opinion shall be provided with the Annual Statement in accordance with the appropriate NAIC Property and Casualty Annual Statement Instructions and shall be treated as a public document.
(b) Documents, materials or other information in the possession or control of the Department that are considered an Actuarial Report, workpapers or Actuarial Opinion Summary provided in support of the opinion, and any other material provided by the company to the Commissioner in connection with the Actuarial Report, workpapers or Actuarial Opinion Summary, shall be confidential and shall not be considered a public record.
(c) This rule shall not be construed to limit the Commissioner's authority to release the documents to the Actuarial Board of Counseling and Discipline (ABCD) so long as the material is required for the purpose of professional disciplinary proceedings and that the ABCD establishes procedures satisfactory to the Commissioner for preserving the confidentiality of the documents, nor shall this rule be construed to limit the Commissioner's authority to use the documents, materials or other information in furtherance of any regulatory or legal action brought as part of the Commissioner's official duties.
(d) In order to assist in the performance of the Commissioner's duties, the Commissioner may:
(e) No waiver of any applicable privilege or claim of confidentiality in the documents, materials or information shall occur as a result of disclosure to the Commissioner under this rule or as a result of the sharing of information as authorized in 482-1-149-.08(d) above.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-3-26.1.